Short Tata Steel, says Yogesh Mehta

Name: Short Tata Steel, says Yogesh Mehta
Uploaded: 2017-11-30T15:53:00+05:30
Description: Yogesh Mehta of MOSL is of the view that is of the view that one may short Tata Steel.

Yogesh Mehta of MOSL is of the view that is of the view that one may short Tata Steel.

CNBC-TV18

November 30, 2017 / 15:54 IST

Yogesh Mehta of MOSL told CNBC-TV18, "On the sell side, one can go short for Tata Steel. Currently it is Rs 696 in the futures segment or maybe spot. That can be shorted with a target of Rs 680 and keep a stoploss of Rs 705."

Tata Steel ended at Rs 695.15, down Rs 14.15, or 1.99 percent on the BSE.

The share touched its 52-week high Rs 734.90 and 52-week low Rs 377.45 on 30 October, 2017 and 27 December, 2016, respectively.

Currently, it is trading 5.41 percent below its 52-week high and 84.17 percent above its 52-week low.

CNBC-TV18

first published: Nov 30, 2017 03:53 pm

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